Managing Money

Many people hope to own their own business, but very few do. In addition, women around the world are hesitant to become entrepreneurs because they feel they lack confidence and resources. A successful European…

This year, our daughter got us started on writing the answers to some questions about our lives through a program called “Storyworth.” I know there are several versions of this service out there but basically, you get email questions weekly…

Sixteen years ago, my world shattered. That’s when cancer killed my beloved husband. A spouse’s likelihood of passing away is three times higher for women than men. Many women find that widowhood forces them to take on and make critical financial…

What’s the difference between a money market account and a money market fund, you ask. Aren’t they the same? The answer is “no” and, depending on your situation, you may want to use one, the other, or both. Let’s take a deeper look…

Our parents were usually ready for retirement as they reached their 60s. Our generation, however, seems intent on living life to the fullest – and even setting up new business ventures! Those of us who have done exactly…

Saving for retirement is crucial if you want to be financially secure in your later years. But because of the economy and the fact that more men than women work, many women do not have enough money saved for retirement…

I was devastated. A few days before I turned 60, I was suddenly a widow. But really, I was typical. Surprisingly, the average age at which a wife becomes a widow is 59.4. About 1 million women a year in the U.S. experience what may be the most stressful event…

Do you want to know your options for investing to reach your long-term goals? Remember that investing is only appropriate if your living expenses are covered, your debt is under control, and you have built an emergency fund. After that it may be time…

I have just handed a small fortune to my offspring to help them to buy properties and, in one case, to contribute towards IVF treatment. We all do it, if we are in a position to, of course. My mother was the same: she was generous to me…

If you need to borrow money, whether it’s for emergency expenses or a one-time purchase or just to get by while waiting for a new job or the sale of a home or some other influx of cash, there are a few types of loans that women over 60 definitely need to avoid. Here are a few types of risky loans to avoid if you need to borrow money: